Bitcoin Won’t Fall to $35K: Possible Bear-Bottom Near $55K If BTC Breaks the Monthly Midline

COINOTAG News reports that a widely cited crypto analyst, @Sykodelic_, rejects the notion that Bitcoin could retreat to $35,000. He argues that a 75% retrace would require a full expansion not yet realized in this cycle. With current market dynamics, the Bitcoin price outlook aligns more closely with the 2019 pattern than the 2018 or 2021 cycles, implying limited downside risk absent a material macro shock.

Technically, the analyst cites 2019 QT as a reference point: BTC often found support near the Bollinger Band midline after a pullback, suggesting that defenses may hold around key levels as long as liquidity remains supportive in the crypto market.

In a stressed scenario, a close below the monthly midline could signal a deeper pullback with a downside target around $55,000. For traders, the emphasis should be on risk controls, monitoring midline breaches, and trusting price action over speculative narratives in the crypto market.